The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it would mandate international oil companies to supply crude oil to Dangote oil refinery.
The spokesperson for the NUPRC, Olaide Shonola, said the commission was intervening to ensure the local sale of crude to Dangote and other refineries in the country.
Shonola stated this while reacting to a claim by the Chairman of the Dangote Group that the international oil companies were not ready to sell crude to the refinery.
In an interview on Tuesday, Shonola said the NUPRC would mandate the IOCs to sell to the Dangote refinery, with clear directives that this must be done.
“We’ve been intervening and intervening. I am sure you’re aware of a recent meeting that was held with them on domestic crude oil supply. We will keep engaging them, NUPRC has been doing that.
“I can’t say we will force them, but as the regulator, we can mandate. And that’s what we are doing, giving clear directives that this must be done. We will just keep on engaging and you will agree with me that most of these things have to be planned. We will keep on engaging. We will do our regulatory function in that area,” she stated.
Asked whether there would be sanctions, Shinola declined comments.
“We will mandate them, as in, give clear directives based on our regulatory functions,” she emphasised.
In an interview with CNN, Aliko Dangote said international oil companies in Nigeria were not ready to sell crude oil to the 650,000 barrels capacity oil refinery.
According to him, the international oil companies were used to exporting crude for foreign exchange and they were not ready to stop.
Dangote said though the Nigerian National Petroleum Company Ltd was doing its best to supply feedstock to the refinery, the IOCs wanted to sell outside the country.
